Singapore Airlines Prices S$500 Million 2.70% Notes Due 2036 for Fleet and Corporate Funding

The latest announcement is out from SIA – Singapore Airlines ( (SG:C6L) ).

Singapore Airlines has launched and priced a S$500 million issue of 2.70 per cent fixed-rate notes due 2036 under its S$10 billion multicurrency medium-term note programme, with DBS Bank, OCBC, Standard Chartered and UOB acting as global coordinators and joint lead managers. Issued at par in S$250,000 denominations and sold to institutional and accredited investors outside the United States under Regulation S and Singapore’s Securities and Futures Act exemptions, the notes will pay semi-annual interest and may be redeemed early at a make-whole price before late 2035, with net proceeds earmarked for aircraft purchases, related payments, general corporate and working capital purposes, and refinancing existing borrowings, underscoring the airline’s ongoing balance sheet and fleet financing strategy.

The most recent analyst rating on (SG:C6L) stock is a Hold with a S$6.50 price target. To see the full list of analyst forecasts on SIA – Singapore Airlines stock, see the SG:C6L Stock Forecast page.

More about SIA – Singapore Airlines

Singapore Airlines Limited is Singapore’s flag carrier, operating in the global aviation industry with a focus on full-service passenger and cargo air transport. The company invests heavily in fleet renewal and aircraft-related assets to support its network and service offerings, and actively taps capital markets via a multicurrency medium-term note programme to fund aircraft purchases and broader corporate needs.

Average Trading Volume: 4,588,224

Technical Sentiment Signal: Buy

Current Market Cap: S$19.98B

For an in-depth examination of C6L stock, go to TipRanks’ Overview page.